An individual who has been adjudged bankrupt and, in relation to a bankruptcy order it means the individual adjudged bankrupt by that order.
“Bankrupt” includes any person whose estate is vested in a trustee or Assignee under the law for the time being in force relating to bankruptcy. In an application under section 28(b) of the Bankruptcy, 1997 the defendant in a bankruptcy suit must undisputedly satisfy the Court that he has sufficient ability to repay the debts for which he stands guarantee on behalf of the loanee and that he is not a willful defaulter. Merely because he stands as a guarantee he is not entitled to have an order for dismissal of the suit. ….. [Ebadul Hoque Bhuiyan vs. The Court of District Judge & Bankruptcy Court, Narayangonj, subsequently on transfer the Court of Bankruptcy and Additional district Judge, Court No. 1, Narayangonj and another, 21 BLD (AD) 119]
See sections 10, 45, 46(13) of the Bankruptcy Act, 1997.